MMT is, in its theory and expression, nothing more than an over-glorified central bank inspired overtake of the entire global economy as to reset it into a Marxist/Socialist/Communist inspired construct of central planning delegation, where winners and losers of business and more will be picked via the delegation of money printed ex nihlo to where some central authority will see fit.
Or said differently: an utter and complete con job to gain control of all mechanics of enterprise, where the self anointed and appointed cons will be free to do as they see fit, free from any legal, moral or ethical ramifications. (Hint: see EU, ECB for further clues.)
And free market capitalism will be taken out back behind the MMT edifice - and shot.Bonkers.
Seeking Alpha
Forward Guidance: The Spinning Of Illusive Illusions Within The Grander Illusion Of Modern Monetary Theory
Mark St. Cyr | C-Level Management Advice, Turnaround Specialist, Big Picture Real World Insight
That quote (from PAGE 3 of the article) is outstanding and totally true. You guys can't refute it. You can't even engage it. I've been making the same point by constantly noting that every horror committed by the military of the Deep State Empire is funded by "modern money". Crickets.
ReplyDeleteEvery time your monstrously evil theories are crushed and eviscerated, you go into your Black Knight routine. That routine is quite hilarious and entertaining but it is getting a bit old and stale.
"Tis but a scratch"! "Running away, eh? You yellow bastards! Come back here and take what's coming to ya! I'll bite your legs off!"